The BDI dives further amid Geopolitical uncertainty

Chartering, Dry Bulkcarriers, Markets, Military, Reports, Shipping Indices, Tankers, Trade and Commerce — By on December 24, 2019 at 7:39 PM

John Faraclas

The BDI dives further amid Geopolitical uncertainty

The BDI (Baltic Dry Index) dives further amid Geopolitical uncertainty; John Faraclas’ pre-Christmas recap:

The BDI lost 13 points and now stands at 1,090 losing even the 1,100 points threshold…

The Capes’ BCI loss was minimal; minus four points and at 1,950 lifts eyebrows…

The Panamaxes’ BPI lost 37 points and now stands at 1,117…

Down ten for the Supras with the BSI now reading 718 points…

The Handies’ BHSI lost seven points and now reads 487…

Ultra-caution should be observed as the BDI’s gap widens yet again with that as of the end of December 2013 – still six volatile years… From 2,247 down to 1,090 that’s  1,157 points… OK there were some “promising” ups and the majority of shipowners thought that a buoyant dry market lays ahead… but…

The Wets become also a controversy with some excellent ups which brought a unique euphoria… Let’s see what’s next there given the energy jargons unknown wants… meantime the last published BDTI (Dirties) and BCTI (Cleans)  stood at 1,597  up 17 and 958 – up six points respectively

The WTI as these lines are being written stands at US$ 61.12… Despicable and expect this to backfire…

The Geopolitics now turn Planet Ocean upside down and dirty business deals particularly on energy as well as religious issues coupled with Terrorism and lunatic / corrupted  leaders threatens global Peace with incalculable repercussions for all nations.

Reverting with more news on the first update; until then remain on guard for actions emanating by Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.

Enjoy the Festive Season!

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